https://www.taxtmi.com/news?id=47525 Enforcement Directorate carried out searches under the Prevention of Money Laundering Act at multiple premises linked to Shilpi Cables Technologies Ltd and associated entities after a criminal FIR alleging cheating of a consortium of banks; investigators allege loan proceeds obtained via Letters of Credit were diverted through fabricated transactions and transferred abroad, and the company managing director is under investigation to determine promoter liability and identify proceeds of the alleged offence. en-us Wed, 25 Jun 2025 11:16:03 +0530 Wed, 25 Jun 2025 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47525 Enforcement Directorate carried out searches under the Prevention of Money Laundering Act at multiple premises linked to Shilpi Cables Technologies Ltd and associated entities after a criminal FIR alleging cheating of a consortium of banks; investigators allege loan proceeds obtained via Letters of Credit were diverted through fabricated transactions and transferred abroad, and the company managing director is under investigation to determine promoter liability and identify proceeds of the alleged offence. News - Wed, 25 Jun 2025 11:16:03 +0530 https://www.taxtmi.com/news?id=47525